Crowd funding the Fashion Business

Connecting America’s next fashion generation to the capital raising opportunities available under the JOBS Act
By: The Soho Loft
Fashion Institute of Technology, New York
Fashion Institute of Technology, New York
Oct. 22, 2012 - PRLog -- October 5, 2012 - A roundtable event for design students and fashion entrepreneurs at the Fashion Institute of Technology, New York (image below) on October 4 2012 brought America’s next generation of designers into contact with key industry figures to discuss the tremendous opportunities afforded them by JOBS Act reforms.
The roundtable discussion was organized by The Soho Loft Capital Creation Events as part of its on-going TSL University Series.  
The session considered the JOBS Act and its impacts and benefits for the crowd funding scene and as an alternative funding solution for fashion industries start-ups and SMEs.  The latest developments in the legislation were covered, specifically in terms of what the JOBS Act  means for the fashion industry and how entrepreneurs can take advantage of the new environment to grow their businesses.

Speakers and businesses contributing to the roundtable included -

Douglas Ellenoff, Partner at Ellenoff, Grossman & Schole

Vince Molinari, founder and CEO of Gate Technologies (

Richard J. Salute, Director at J. H. Cohn (

Jed Cohen, COO of RocketHub (

David Borish, co-founder of CrowdHut (

“Investment-based crowd funding is an exciting development for entrepreneurs,” claims Jed Cohen, COO of RocketHub.  “The same principles that drive success in perks-based campaigns will drive success in investment-based campaigns.”

Nonetheless, he warns, “Crowd funding is work.  We've all heard the grand success stories, but those are the exception to the rule.  You must be prepared to market the project to your own network first, and keep at it for the duration of your campaign.”

“We are at the crossroads of something very special for entrepreneurs,” claims David Borish, co-founder of CrowdHut.  “Not only do we have the ability to learn about anything we want to learn about at the touch of our fingertips, but now we will be able to grow our businesses like never before.”

ABOUT The Soho Loft (

The Soho Loft Capital Creation Events ("TSL") is a global events and corporate strategy and advisory platform that strives to promote and advance strategic and diligent mainstream and alternative investing for start-up entrepreneurs and small and medium-sized enterprises. TSL seeks to provide relevant education and visionary leadership training in the areas of capital formation, crowd funding, angel networking, non-conventional funding, eb5 green card programs, micro-finance, venture capital, private equity and hedge funds. All creative investing solutions are focused in allowing the start-ups and SMEs to optimize all opportunities to grow their business through product/service/market/human resource innovation while seeking to do so in a socially and environmentally responsible manner. All of which are directed to creating a new path to socio-economic prosperity.

David Drake, founder and CEO of TSL, a subsidiary of LDJ Capital, has founded the Crowdfund Intermediary Regulatory Advocates (CFIRA) to further these goals. He was also a representative in the U.S. Commerce delegation to Brussels and Rome to meet with European Ministers and legislators at the Transatlantic Economic Council forum in July 2012. Overall, TSL's mission is to educate about and develop infrastructure to facilitate capital formation, innovation and job creation. As such, The Soho Loft operates as the leading global corporate strategy advisory.

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Tags:Fashion Institute of Technology, Crowdfunding, The Soho Loft University Series
Industry:Business, Financial
Location:New York City - New York - United States
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